Asset Manager- Affordable Housing/Commercial

Position Summary 

The Non-profit Asset Manager plays a crucial role in overseeing and managing the financial resources and investments of the organization. This position involves developing and implementing investment strategies, conducting financial analysis, and ensuring compliance with relevant regulations and ethical standards. The Asset Manager collaborates closely with stakeholders, donors, and board members to align financial decisions with the organization's mission and goals. 

This position requires a strong and continued commitment to DNDA’s community and values.  

Primary Responsibilities 

Resident Liaison  

• Personally respond to Resident, Client, and Vendor calls, emails, and text messages within 24 hours of receipt during the work week 
• Collaborate with DNDA Program staff and UMI staff for resident resource sharing and property activities. 

Investment Strategy Development 

• Develop and implement investment strategies that align with the organization's mission and long-term financial goals. 

• Conduct market research and analysis to identify investment opportunities and risks. 

Financial  

• Evaluate and analyze the performance of existing investments, providing recommendations for adjustments as needed. 
• Prepare comprehensive financial reports and forecasts to guide decision-making. 
• This may involve coordinating with third parties for construction review, progress monitoring, contract compliance, processing draw requests, completing project management activities, and contract closeouts 
• Review monthly operating statements, budget and variance reports, check registers as necessary, delinquency reports, and other financial reports as provided by FPI Management to ensure budgetary control. 

Portfolio Management 

• This position implements program priorities and policies to ensure affordable housing projects remain viable and in compliance over the length of the project commitment period. 
• -Manage all communications between property management (UMI) and DNDA.  
• -Attend all staff and committee meetings around housing and finance meetings for portfolio 
• Manage and monitor the organization's investment portfolio, ensuring diversification and risk management strategies are in place. 
• Monitor market trends and economic indicators to make informed investment decisions. 
• -Assist in preparing annual operating budgets for submission to Clients and Properties 

Compliance and Risk Management 

• Review and analyze organization information and project data to determine compliance with DNDA program and contract requirements, organizational and project financial status, and other pertinent conditions for affordable housing projects in workout status. 
• Develop performance improvement plans and monitor progress of contractors experiencing substantial or recurring performance and/or compliance issues. 
• Review management plans, financial data, and organization/project specific reports to inform the development of organizational/project performance reviews. 
• Maintain knowledge and understanding of industry best practices related to affordable housing real estate development and underwriting, the Housing Trust Fund, the federal HOME program, and the National Housing Trust Fund program requirements. 

• -Responsibilities include underwriting and contracting activities for the DNDA’s portfolio of existing projects, including loan restructures, refinance requests, project transfers, sales and foreclosures, tax credit exit transactions, terminations, closeouts, and amending contract requirements due to errors or language updates and for changes to unit, population type, and income restriction requests  

Stakeholder Communication 

• Collaborate with stakeholders, including donors, board members, and senior leadership, to provide updates on investment performance and strategies. 
• Present financial reports and recommendations to support transparent decision-making. 

Fundraising Support 

• -Maintain a housing application funding Calander.  
• -Assist in housing funding application preparation in collaboration with the Executive Director.     
• Assist in fundraising efforts by providing financial data and analysis to support grant applications, donor communications, and fundraising campaigns. 

TO APPLY PLEASE USE THIS LINK  https://dnda.breezy.hr/p/325dc8886efc-asset-manager-affordable-housing-commercial